I don't particularly expect to/care to make much money from this, the goal currently is to rent it and cover my mortgage until the market calms down and we can realistically hope to sell again.I am meeting with a local property management company this afternoon and have a growing list of questions for them including:How do they handle emergencies?

@Christian Orellana, while the typical answer is almost always "yes", you need to look at the returns you can realistically obtain out of a new deal.  

If both you and the property are in CA, on the surface, this looks like a good deal - The seller's expense ratio does not seem realistic.  

GCs are typically more realistic and will actually be able to give you a cost given a certain issue.

At that point, they will have a much better idea of what financing products are available to them and what a realistic budget would be.

careful you dont risk your EM  I suspect you still have inspection contingency while in the contingency period I would have the agent write an addendum extending the close date to a realistic time line. 

Keep at it but rely on realistic expectations. 

HOA covers trash pickup, and all other utilities and expenses are the homeowner's responsibility.This is a very realistic comparison that I've seen during my time as an investor and agent in Oahu, Hawaii and now the Emerald Coast of Florida.

I dont know where you are buying in Philly but $1500 for a 2/1 sounds realistic. 

Just wanted you to have realistic expectations.